Decisions of the Investment Committee on July 27, 2026

In accordance with Article 5 and based on Article 9, paragraphs 9.1 and 9.6 of Law 04/L-101, amended and supplemented by Law 04/L-115, Law 04/L-168, Law 05/L-116, and Law 07/L-016, as well as in accordance with Article 13, Article 33, and paragraph 1 of Article 41 of the Statute of KPST, and with the Statement of Investment Principles of KPST, the Investment Committee of the KPST’s Governing Board, on July 27, 2026, concluded the following decisions:

1. Invest in the Standard portfolio:
a) €8 million in the UBS Core SPI ETF (ISIN: CH0131872431).
b) €5 million in the SPDR S&P Euro Dividend Aristocrats ETF (ISIN: IE00B5M1WJ87).
c) €15 million in the HAN Future of Defence ETF (ISIN: IE0000J5TQP4), in three bi-weekly tranches.
d) €15 million in the VanEck Defense ETF (ISIN: IE000YYE6WK5), in three bi-weekly tranches.
e) €10 million in the iShares US Digital Infrastructure & Real Estate ETF (ISIN: US4642875318).

2. Sell fully from the Standard portfolio:
a) Vanguard Euro Government Bond ETF (ISIN: IE00BH04GL39).
b) SPDR S&P Oil & Gas Exploration & Production ETF (ISIN: US78468R5569).

3. In the Intermediate portfolio invest:
a) €1 million in the UBS Core SPI ETF (ISIN: CH0131872431).
b) €2 million in the HAN Future of Defence ETF (ISIN: IE0000J5TQP4).
c) €2 million in the VanEck Defense ETF (ISIN: IE000YYE6WK5).
d) €3 million in the US Infrastructure ETF (ISIN: US46435U7138).
e) €3 million in the Global X Data Center & Digital Infrastructure ETF (ISIN: US37954Y2366).

4. In the Intermediate portfolio, sell €11 million of the iShares Residential Real Estate ETF (ISIN: US4642885622).